Property Prices in Erlangen, Germany

Index Info
Price to Income Ratio: 8.04
Mortgage as Percentage of Income: 47.36%
Loan Affordability Index: 2.11
Price to Rent Ratio - City Centre: 31.98
Price to Rent Ratio - Outside of Centre: 36.02
Gross Rental Yield (City Centre): 3.13%
Gross Rental Yield (Outside of Centre): 2.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 664.29 € 500.00-950.00
Apartment (1 bedroom) Outside of Centre 492.86 € 400.00-650.00
Apartment (3 bedrooms) in City Centre 1,233.33 € 1,200.00-1,400.00
Apartment (3 bedrooms) Outside of Centre 850.00 € 700.00-1,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 436.64 € 353.03-650.32
Price per Square Feet to Buy Apartment Outside of Centre 353.03 € 297.29-371.61
Salaries And Financing
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Average Monthly Net Salary (After Tax) 2,642.86 €
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 1.68 1.30-1.85

These data are based on 67 entries in the past 18 months from 10 different contributors.
Last update: October 2020

Sources and References
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